TRON/XRP Market Overview for 2025-11-09

Summary
• Price drifted lower with a bearish close on 24-hour 15-min data.
• Volume spiked during key downward moves post 19:00 ET.
• MACD and RSI suggest weakening momentum and oversold conditions.

TRON/XRP’s pair, trading as TRXXRP, opened at 0.1281 on 2025-11-08 at 12:00 ET and closed at 0.1273 on 2025-11-09 at 12:00 ET. The 24-hour high was 0.1291, and the low was 0.1252. Total volume for the period was 1,148,248.5 and total turnover was 144.96 TRX.

Structure & Formations

The price action on 15-minute candles revealed a clear bearish drift, with a key breakdown below the 0.1280 psychological level and a bearish engulfing pattern forming at 0.1286–0.1278. A low-volume doji near 0.1275 at 03:15 ET hinted at potential support. A notable bearish wedge formed between 0.1286 and 0.1252, with the latter acting as a potential pivot point.

Moving Averages

On the 15-minute chart, price ended below both the 20SMA and 50SMA, with the 50SMA at 0.1279 and the 20SMA at 0.1281, reinforcing the bearish bias. On the daily chart, the 50DMA and 200DMA were not directly available, but price action suggests a potential bearish crossover.

MACD & RSI

The 15-minute MACD turned negative and crossed below the signal line, signaling bearish momentum. RSI fell to 30–35 by the close, indicating oversold conditions. However, divergence was not observed in this range.

Bollinger Bands

Price remained within the Bollinger Bands, with the 20-period middle band at 0.1280. Volatility was moderate, with the bands narrowing slightly after the initial break below 0.1280.

Volume & Turnover

Volume surged during the 14:30–14:45 ET and 16:00–16:15 ET sessions, coinciding with sharp price declines. Turnover was also elevated during these intervals, confirming bearish conviction. However, volume dipped toward the end of the day, suggesting possible exhaustion.

Fibonacci Retracements

On the 15-minute chart, the drop from 0.1286 to 0.1252 aligns with key Fib levels at 0.1279 (38.2%) and 0.1271 (61.8%). Price briefly bounced off the 61.8% level but failed to hold it.

Backtest Hypothesis

The provided strategy focuses on detecting bearish engulfing patterns and generating short-side signals. Applying this to TRXXRP, the 15-minute chart showed a valid bearish engulfing pattern at 0.1286–0.1278, which could serve as a signal to enter short positions with a stop above the 0.1286 level. A backtest from 2022-01-01 would assess the viability of this approach, particularly in low-volatility environments and during key support breakdowns. Given the current setup, this pattern would have triggered a short signal yesterday, with the pair responding favorably.